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Questerre Energy Corporation TSX: QEC OSLO STOCK EXCHANGE: QEC

CALGARY, ALBERTA--(Marketwire - July 30, 2008) -

NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) announced that the operator, Talisman Energy Canada ("Talisman"), confirmed that field work is underway on a re-completion of the Gentilly #1 well.

The Gentilly #1 well will be fracture stimulated in several intervals prospective for shale gas. Following the stimulations, an extensive testing program will be conducted. The object of the program is to assess the potential commerciality of vertical well completions in this thick shale package. The original discovery in the Trenton Black-River zone in this well has been suspended on a temporary basis during this operation.

The operator also confirmed it is mobilizing a rig to the Lowlands and the next well on Questerre's acreage is scheduled to spud by mid-August.

Michael Binnion, President and Chief Executive Officer of Questerre, commented, "We are very pleased to be participating on a joint venture basis with Talisman on this operation. This re-entry operation has allowed us to accelerate the pilot program to evaluate the shale gas potential in the Lowlands."

Questerre is a Calgary-based independent resource company actively engaged in the exploration, development and acquisition of high-impact exploration and development oil and gas projects in Canada.

This news release contains forward-looking information. Implicit in this information are assumptions regarding commodity pricing, production, royalties and expenses, that, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. These forward-looking statements are based on certain assumptions that involve a number of risks and uncertainties and are not guarantees of future performance. Actual results could differ materially as a result of changes in the Company's plans, commodity prices, equipment availability, general economic, market, regulatory and business conditions as well as production, development and operating performance and other risks associated with oil and gas operations. There is no guarantee made by the Company that the actual results achieved will be the same as those forecasted herein.

Barrel of oil equivalent ("boe") amounts may be misleading, particularly if used in isolation. A boe conversion ratio has been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel and is based on an energy equivalent conversion method application at the burner tip and does not necessarily represent an economic value equivalent at the wellhead.

This news release does not constitute an offer of securities for sale in the United States. These securities may not be offered or sold in the United States absent registration or an available exemption from registration under the United States Securities Act of 1933, as amended.